Tag: Pia
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Five facts about the newly unveiled NNPC Limited
Nigeria’s President Muhammadu Buhari, has today unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited) in line with the provisions of the Petroleum Industry Act, 2021. The transition from a corporation which took place at the State House, Abuja, is aimed at promoting transparency, accountability and energy security.
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NNPC now free from institutional encumbrances – Buhari declares
President Muhammadu Buhari on Tuesday officially unveiled the Nigerian National Petroleum Company (NNPC) Limited and declared that the new national oil company is now forthwith free from institutional encumbrances.
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Marginal fields: Amid rancour NUPRC awards licences to 161 coys
Amid rancour, The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has awarded Petroleum Prospecting Licences (PPLs) to 161 successful 2020 marginal fields awardees. The commission also officially unveiled the Host Communities Development Regulations and model Petroleum Prospecting Licences (PPLs).
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Buhari to unveil new NNPC Ltd July 18
The new Nigerian National Petroleum Company Ltd (NNPC Ltd.) will be unveiled by President Muhammadu Buhari on July 18, 2022.
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Effective regulations key to harnessing gains of PIA — Sylva
The Minister of State, Petroleum Resources, Chief Timipre Sylva, has underscored the need for effective regulations in harnessing the gains of the Petroleum Industry Act (PIA) for global relevance. Sylva said for Nigeria to continue to be relevant at the global stage it must design regulations that could balance the energy base load for Nigeria.
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Fuel subsidy: Lawan urges Buhari to transmit bill to amend PIA
Senate President Ahmad Lawan on Wednesday urged President Muhammadu Buhari to transmit a bill to the National Assembly to amend the Petroleum Industry Act (PIA). Lawan made the call in his remarks before referring the President’s request for the amendment of the 2022 Appropriation Act to the Committee on Appropriation after the bill scaled second…
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Senate confirms Executive Director-nominees of Nigerian Petroleum Regulatory Authority
The Senate has confirmed the nominations of five Executive Director-nominees of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
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Petroleum Ministry has delivered on priority areas – Sylva
Petroleum Ministry has delivered on priority areas – Sylva
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FG earns N174 billion from 2020 marginal field bid round
FG earns N174 billion from 2020 marginal field bid round
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Senate committee on upstream’ll ensure full implementation of PIA – Chairman
The Senate Committee on Petroleum Resources (Upstream) says it will ensure that every single provision enshrined in the Petroleum Industry Act (PIA) is followed to a logical conclusion without any form of ambiguity. The committee said that the National Assembly would invoke its constitutional mandate to ensure the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and…